# EDGAR Filing Document

**Accession Number:** 0000837274
**File Stem:** 0001741773-25-002905
**Filing Date:** 2025-8
**Character Count:** 3569
**Document Hash:** 52eeb7eed489b194c223dc1734146deb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001741773-25-002905.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0001741773-25-002905

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**EFFECTIVENESS DATE**: 20250801

**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:** 251174247

**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

### TEMPLETON GROWTH VIP FUND (Series ID: S000007326)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class 1    | C000020123 |
| Class 2    | C000020124 |
| Class 4    | C000061788 |

---

## Series and Classes Contracts Data

### TEMPLETON GROWTH VIP FUND (Series ID: S000007326)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000020123 | Class 1      |  |
| C000020124 | Class 2      |  |
| C000061788 | Class 4      |  |

#### 739-P1 08/25

#### FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST

#### SUPPLEMENT DATED AUGUST 1, 2025

#### TO THE SUMMARY PROSPECTUS, PROSPECTUS AND

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

#### EACH DATED MAY 1, 2025 OF

#### TEMPLETON GROWTH VIP FUND
<br>**Effective August 1, 2025, Templeton Asset Management Ltd. will no longer serve as sub-advisor of the Fund. Therefore the summary prospectus, prospectus and SAI of the Fund are amended as follows:**

**1. The section "Fund Summary – Sub-Advisor" in the Fund's summary prospectus and prospectus is deleted in its entirety.** 

**2. The following replaces Peter D. Sartori's biography in the "Fund Summary – Portfolio Managers" section of the Fund's summary prospectus and prospectus:** 

#### Peter D. Sartori

#### Portfolio Manager of Global Advisors and portfolio manager of the Fund since March 2024.
**3. The first paragraph under "Fund Details – Management" in the Fund's prospectus is replaced with the following:**

Templeton Global Advisors Limited (Global Advisors), Lyford Cay, Nassau, Bahamas, is the Fund's investment manager.

**4. The following replaces Peter D. Sartori's biography in the "Fund Details – Management" section of the Fund's prospectus:**

#### Peter D. Sartori, Portfolio Manager of Global Advisors
Mr. Sartori has been portfolio manager of the Fund since March 2024, providing research and advice on the purchases and sales of individual securities, and portfolio risk assessment. He joined Franklin Templeton in 2019.

**5. The following is added as the last sentence to the second to last paragraph under "Management and Other Services – Name** 

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#### of sub-advisors, annual fee rates and fees paid over the last three fiscal years" in the Fund's SAI:
The Growth Fund's sub-advisor was terminated effective August 1, 2025.

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

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