Ivy Funds Variable Insurance Portfolios (VIP)
As baby boomers approach retirement, and with many already in retirement, they face
a struggle to build nest eggs that are capable of lasting 20 or 30 years. A recent
study by the Employee Benefit Research Institute indicated that, the percentage
of workers planning to work after they retire has increased to 72 percent in 2009
(up from 66 percent in 2007).* Consequently, more investors are considering annuities
as a source of a guaranteed stream of income later in life.
An annuity is a contract between you and an insurance company to provide you future
income, usually during retirement. Key to the ongoing earnings growth potential
of variable annuities are the underlying investments. Ivy Funds Variable Insurance
Portfolios serve as the underlying investment for a number of insurance products,
including variable annuity contracts and variable life insurance policies.
Ivy Funds Variable Insurance Portfolios, formerly known as W&R Target
Funds, Inc., was launched in 1987 and today includes 20 individual portfolios and
5 managed fund-of-funds portfolios covering most major asset classes.