IVY VARIABLE INSURANCE PORTFOLIOS
Delaware Ivy VIP Science and Technology
(formerly, Ivy VIP Science and Technology) (the “Portfolio”)
Supplement to the Portfolio’s Summary Prospectus dated April 30, 2021
Effective April 8, 2022, the following replaces the information in the section entitled “Portfolio Managers”:
Portfolio managers
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Title with Delaware Management Company
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Start date on the Portfolio
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Bradley J. Warden
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Senior Vice President, Portfolio Manager
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October 2016
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Gus C. Zinn, CFA
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Senior Vice President, Portfolio Manager
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November 2021
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Because everyone’s tax situation is unique, you should consult your tax professional about federal, state, local, or foreign tax consequences
before making an investment in the Portfolio.
Delaware Management Company is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL). None of the entities noted in this
document is an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and the obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583
542 (Macquarie Bank). Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these entities. In addition, if this document relates to an investment (a) each investor is subject to investment risk including
possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group company guarantees any particular rate of return on or the performance of the investment, nor do they guarantee
repayment of capital in respect of the investment.
Please keep this Supplement for future reference.
This Supplement is dated March 28, 2022.