<SEC-DOCUMENT>0001193125-15-172040-index.html : 20150505
<SEC-HEADER>0001193125-15-172040.hdr.sgml : 20150505
<ACCEPTANCE-DATETIME>20150505160645
ACCESSION NUMBER:		0001193125-15-172040
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		45
FILED AS OF DATE:		20150505
DATE AS OF CHANGE:		20150505
EFFECTIVENESS DATE:		20150505

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ivy Funds Variable Insurance Portfolios
		CENTRAL INDEX KEY:			0000810016
		IRS NUMBER:				481146010
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-11466
		FILM NUMBER:		15832990

	BUSINESS ADDRESS:	
		STREET 1:		6300 LAMAR AVENUE
		CITY:			OVERLAND PARK
		STATE:			KS
		ZIP:			66202
		BUSINESS PHONE:		9132362000

	MAIL ADDRESS:	
		STREET 1:		P O BOX 29217
		CITY:			SHAWNEE MISSION
		STATE:			KS
		ZIP:			66201-9217

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ivy Funds Variable Insurance Portfolios, Inc.
		DATE OF NAME CHANGE:	20080819

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	W&R TARGET FUNDS INC
		DATE OF NAME CHANGE:	20001026

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TARGET UNITED FUNDS INC
		DATE OF NAME CHANGE:	19990506
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006224
<SERIES-NAME>Ivy Funds VIP Asset Strategy
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017158
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006225
<SERIES-NAME>Ivy Funds VIP International Core Equity
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017159
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006227
<SERIES-NAME>Ivy Funds VIP Micro Cap Growth
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<CLASS-CONTRACT-ID>C000017161
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006228
<SERIES-NAME>Ivy Funds VIP Mid Cap Growth
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017162
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006232
<SERIES-NAME>Ivy Funds VIP Science and Technology
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017166
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006233
<SERIES-NAME>Ivy Funds VIP Small Cap Growth
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000017167
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<OWNER-CIK>0000810016
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<SERIES-NAME>Ivy Funds VIP Small Cap Value
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<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<OWNER-CIK>0000810016
<SERIES-ID>S000006235
<SERIES-NAME>Ivy Funds VIP Balanced
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<CLASS-CONTRACT-NAME>SAME
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<OWNER-CIK>0000810016
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<SERIES-NAME>Ivy Funds VIP Value
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<CLASS-CONTRACT-NAME>SAME
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<SERIES-ID>S000006238
<SERIES-NAME>Ivy Funds VIP Core Equity
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<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006239
<SERIES-NAME>Ivy Funds VIP Dividend Opportunities
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<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006240
<SERIES-NAME>Ivy Funds VIP Global Natural Resources
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<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<OWNER-CIK>0000810016
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<SERIES-NAME>Ivy Funds VIP Growth
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<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000006242
<SERIES-NAME>Ivy Funds VIP High Income
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<CLASS-CONTRACT-ID>C000017176
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
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<SERIES-ID>S000006243
<SERIES-NAME>Ivy Funds VIP Global Growth
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<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000011749
<SERIES-NAME>Ivy Funds VIP Energy
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000032174
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000041732
<SERIES-NAME>Ivy Funds VIP Pathfinder Moderate - Managed Volatility
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129560
<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000041733
<SERIES-NAME>Ivy Funds VIP Pathfinder Moderately Aggressive - Managed Volatility
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<CLASS-CONTRACT-NAME>SAME
</CLASS-CONTRACT>
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<SERIES>
<OWNER-CIK>0000810016
<SERIES-ID>S000041734
<SERIES-NAME>Ivy Funds VIP Pathfinder Moderately Conservative - Managed Volatility
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<CLASS-CONTRACT-ID>C000129562
<CLASS-CONTRACT-NAME>SAME
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</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>d876610d497.htm
<DESCRIPTION>IVY FUNDS VARIABLE INSURANCE PORTFOLIOS
<TEXT>
Document 1 - file: d876610d497.htm
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>3 <FILENAME>g876544g06t21.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 3 - file: g876544g06t21.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>4 <FILENAME>g876544g68y55.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 4 - file: g876544g68y55.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>5 <FILENAME>g876544g78z90.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 5 - file: g876544g78z90.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>6 <FILENAME>g876547g01m27.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 6 - file: g876547g01m27.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>7 <FILENAME>g876547g04x81.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 7 - file: g876547g04x81.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>8 <FILENAME>g876547g06t21.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 8 - file: g876547g06t21.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>9 <FILENAME>g876547g11g07.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 9 - file: g876547g11g07.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>10 <FILENAME>g876547g25a29.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 10 - file: g876547g25a29.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>11 <FILENAME>g876547g50u82.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 11 - file: g876547g50u82.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>12 <FILENAME>g876547g52s65.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 12 - file: g876547g52s65.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>13 <FILENAME>g876547g58c84.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 13 - file: g876547g58c84.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>14 <FILENAME>g876547g61p28.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 14 - file: g876547g61p28.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>15 <FILENAME>g876547g67u77.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 15 - file: g876547g67u77.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>16 <FILENAME>g876547g68y55.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 16 - file: g876547g68y55.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>17 <FILENAME>g876547g71m01.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 17 - file: g876547g71m01.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>18 <FILENAME>g876547g72v60.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 18 - file: g876547g72v60.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>19 <FILENAME>g876547g76x60.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 19 - file: g876547g76x60.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>20 <FILENAME>g876547g78z90.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 20 - file: g876547g78z90.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>21 <FILENAME>g876547g86m92.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 21 - file: g876547g86m92.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>22 <FILENAME>g876547g92v26.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 22 - file: g876547g92v26.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>23 <FILENAME>g876547g94j36.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 23 - file: g876547g94j36.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>24 <FILENAME>g876557g04x81.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 24 - file: g876557g04x81.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>25 <FILENAME>g876557g06t21.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 25 - file: g876557g06t21.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>26 <FILENAME>g876557g11g07.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 26 - file: g876557g11g07.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>27 <FILENAME>g876557g25a29.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 27 - file: g876557g25a29.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>28 <FILENAME>g876557g44l59.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 28 - file: g876557g44l59.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>29 <FILENAME>g876557g50u82.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 29 - file: g876557g50u82.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>30 <FILENAME>g876557g52s65.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 30 - file: g876557g52s65.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>31 <FILENAME>g876557g78z90.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 31 - file: g876557g78z90.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>32 <FILENAME>g876557g87a83.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 32 - file: g876557g87a83.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>33 <FILENAME>g876557g92v26.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 33 - file: g876557g92v26.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>34 <FILENAME>g876562g04x81.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 34 - file: g876562g04x81.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>35 <FILENAME>g876562g06t21.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 35 - file: g876562g06t21.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>36 <FILENAME>g876562g78z90.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 36 - file: g876562g78z90.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>37 <FILENAME>g876562g92v26.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 37 - file: g876562g92v26.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>38 <FILENAME>g876567g01m27.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 38 - file: g876567g01m27.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>39 <FILENAME>g876567g04x81.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 39 - file: g876567g04x81.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>40 <FILENAME>g876567g06t21.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 40 - file: g876567g06t21.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>41 <FILENAME>g876567g50u82.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 41 - file: g876567g50u82.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>42 <FILENAME>g876567g78z90.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 42 - file: g876567g78z90.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>43 <FILENAME>g876567g87a83.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 43 - file: g876567g87a83.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>44 <FILENAME>g876567g92v26.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 44 - file: g876567g92v26.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>45 <FILENAME>g876575g06t21.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 45 - file: g876575g06t21.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>46 <FILENAME>g876575g92v26.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 46 - file: g876575g92v26.jpg
</DOCUMENT> </SEC-DOCUMENT>