The same thing I do with my money currently. CRT for the bulk of it to avoid capital gains tax (Franklin Templeton, is an okay one, I've also dealt with TIAA CREF) and do something with the money once I'm gone that is worthwhile (American Cancer Society is my chosen charity for example), then depending on success rate of the brokerage accounts held within that investment move the interest money to treasury bills to maturity and gift however much to relatives I can to reduce my actual taxes, and cycle the money back into the CRT investments to do all over again the next year.
The truth is, a million USD isn't much money. I had nearly that a few years ago between my two CRT alone, and only a few unfortunate events in my life dropped me sub $400k in a matter of months. You could take a million, and then an additional loan to go with it and probably do something decent in life, but when it comes down to reality -- it probably won't last someone without experience in such affairs longer than 6-8 years.
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