Ivy Variable Insurance Portfolios
Supplement dated May 8, 2018 to the
Ivy Variable Insurance Portfolios Prospectus
dated April 30, 2018
The following replaces the Portfolio Managers section for Ivy VIP Small Cap Core:
Portfolio Manager
Kenneth G. Gau, Senior Vice President of IICO, has managed the Portfolio since August 2014.
The following replaces the first sentence of the first paragraph of the The Management of the Portfolios Portfolio Management Ivy VIP Small Cap Core section:
Ivy VIP Small Cap Core: Kenneth G. Gau is primarily responsible for the day-to-day portfolio management of Ivy VIP Small Cap Core.
The second paragraph of the The Management of the Portfolios Portfolio Management Ivy VIP Small Cap Core section is deleted in its entirety.
Supplement | Prospectus | 1 |