This video highlights a surprising fact: about 80% of American adults are unaware of what an annuity is. Despite the increasing popularity of annuities, which soared to record sales of over 385 billion dollars last year, many people do not understand these financial products. Annuities are insurance contracts that offer a guaranteed income stream, often for life, helping retirees protect against outliving their savings. The video discusses the importance of understanding annuities for better financial planning.