# EDGAR Filing Document

**Accession Number:** 0000837274
**File Stem:** 0001655589-26-000412
**Filing Date:** 2026-4
**Character Count:** 4393
**Document Hash:** ee66f29f5f64fe3decf655b24524665a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001655589-26-000412.hdr.sgml**: 20260417

**ACCESSION NUMBER**: 0001655589-26-000412

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260417

**DATE AS OF CHANGE**: 20260417

**EFFECTIVENESS DATE**: 20260417

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0000837274

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-23493
- **FILM NUMBER:** 26869617

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN VALUEMARK FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN VALUEMARK ANNUITY FUNDS
- **DATE OF NAME CHANGE:** 19881129

## Series and Classes Contracts Data

### Franklin Allocation VIP Fund (Series ID: S000017299)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class 1    | C000047853 |
| Class 2    | C000047854 |
| Class 4    | C000061795 |

---

## Series and Classes Contracts Data

### Franklin Allocation VIP Fund (Series ID: S000017299)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047853 | Class 1      |  |
| C000047854 | Class 2      |  |
| C000061795 | Class 4      |  |

**783-P1 04/26**

#### FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST

#### SUPPLEMENT DATED APRIL 17, 2026

#### TO THE SUMMARY PROSPECTUS , PROSPECTUS AND

#### STATEMENT OF ADDITIONAL INFORMATION ("SAI")

#### EACH DATED MAY 1, 2025, OF

#### FRANKLIN ALLOCATION VIP FUND (THE "FUND")
**All changes described below are effective June 1, 2026.**

**1. The following replaces the reference to Berkeley Belknap in the section titled "Fund Summary – Portfolio Managers" in the Fund's Summary Prospectus and Prospectus:** 

**Brett S. Goldstein, CFA** <br>Portfolio Manager of Advisers and portfolio manager of the Fund since June 2026.

**Laura Green, CFA** <br>Portfolio Manager of Advisers and portfolio manager of the Fund since June 2026.

**2. The following replaces the reference to Berkeley Belknap in the section titled "Fund Details – Management" in the Fund's Prospectus:**

#### Brett S. Goldstein, CFA Portfolio Manager of Advisers
Mr. Goldstein has been a portfolio manager of the Fund since June 2026. He joined Franklin Templeton in 2024. Prior to joining Franklin Templeton, Mr. Goldstein was a portfolio manager for Putnam Investment Management, LLC ("Putnam Management"). He joined Putnam Management in 2010.

#### Laura Green, CFA Portfolio Manager of Advisers
Ms. Green has been a portfolio manager of the Fund since June 2026. She joined Franklin Templeton in 2020.

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3. **The following replaces references to Berkeley Belknap in the table in the section titled "Management and Other Services – Portfolio managers" in the Fund's SAI:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Type of<br>Account** | **Number of**<br>**Accounts**<br>**Managed** | **Total Assets**<br>**Managed**<br>**(x $1 million)** | **Number of Accounts** <br>**Managed for which** <br>**Advisory Fee is** <br>**Performance-Based** | **Assets Managed for which** <br>**Advisory Fee is** <br>**Performance-Based** <br>**(x $1 million)** |
| Brett S. Goldstein\* | Registered<br>Investment<br>Companies | 38 | 16062.5 |  |  |
|  | Other Pooled<br>Investment<br>Vehicles | 28 | 15821.5 |  |  |
|  | Other<br>Accounts | 11 | 64.8 |  |  |
| Laura Green\* | Registered<br>Investment<br>Companies | 17 | 14034.5 |  |  |
|  | Other Pooled<br>Investment<br>Vehicles | 28 | 6781.4 |  |  |
|  | Other<br>Accounts | 246 | 5219.3 | 2 | 81.1 |

---

\*Information is provided as of February 28, 2026.

4. **The following is added to the section titled "Management and Other Services – Portfolio managers – Ownership of Fund shares" in the Fund's SAI:**

As of March 31, 2026, Brett S. Goldstein and Laura Green did not own any shares of the Fund.

#### Please retain this supplement for future reference.

------