making annuity liquid

I have a Jackson Perspective L Series Fixed & Variable Annuity.  I'm
age 65.  Wanted to annuitize so I can start withdrawing money each
year but agent told me annuitizing right now with low interest rates
is a bad idea.
He suggested another method instead:  I take a guaranteed annual
withdrawal in the annuitizing amount & invest it into, say, a bond
fund (he suggested Templeton Global Bond Fund TPINX).  I would have to
wait until year 2 to withdraw since I have to leave one withdrawal
amount in.  In the meantime, I would be earning interest on the bond
fund & would not have to annuitize which would fix the withdrawal
amount forever.
Does this sound like a good idea or are their disadvantages that I
cannot see here?
Looks like the TPINX has a 4.25% initial sales charge--maybe that's
the catch--altho there is a class C TPINX with 1% contingent deferred
sales charge.

SandyB