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Form 497 AMERICAN FUNDS INSURANCE

September 30, 2016 6:01 AM EDT

 

American Funds Insurance Series®

Prospectus Supplement

September 30, 2016

(for Class 1 shares prospectus, Class 2 shares prospectus, Class 3 shares prospectus, and Class 4 shares prospectus dated May 1, 2016, as supplemented to date)

 

 

The following paragraph is added to the section captioned “The Capital SystemSM” in the “Management and organization” section of the prospectus:

John R. Queen, Vice President, Capital Fixed Income Investors, serves as a fixed-income portfolio manager for Asset Allocation Fund. John has 25 years of investment experience in total (13 years with Capital Research and Management Company or affiliate). He has one year of experience in managing the fund.

 

 

Keep this supplement with your prospectus.

 

Lit. No. INA8BS-020-0916P Printed in USA CGD/AFD/8024-S56982

 

American Funds Insurance Series®

Prospectus Supplement

September 30, 2016

(for Class P1 shares prospectus and Class P2 shares prospectus dated May 1, 2016, as supplemented to date)

  

 

The following paragraph is added to the section captioned “The Capital SystemSM for the underlying funds” in the “Management and organization” section of the prospectus:

John R. Queen, Vice President, Capital Fixed Income Investors, serves as a fixed-income portfolio manager for Asset Allocation Fund, the underlying fund for Managed Risk Asset Allocation Fund. John has 25 years of investment experience in total (13 years with Capital Research and Management Company or affiliate). He has one year of experience in managing the underlying fund.

 

 

Keep this supplement with your prospectus.

 

Lit. No. INP8BS-007-0916P Printed in USA CGD/AFD/8024-S56983

 

American Funds Insurance Series®

Statement of Additional
Information Supplement

September 30, 2016

(for statement of additional information dated
May 1, 2016)

  

 

The table under the heading “Portfolio manager fund holdings and management of other accounts” in the “Management of the Series” section of the statement of additional information is amended with respect to the funds listed below only as follows. Footnotes in the statement of additional information remain unchanged.

 

Portfolio manager Number
of
other registered
investment
companies (RICs)
for which
portfolio manager
is a manager
(assets of RICs
in billions)1
Number
of other
pooled
investment
vehicles (PIVs)
for which portfolio manager is a manager
(assets of PIVs
in billions)2
Number
of other
accounts
for which portfolio manager is a manager
(assets of
other accounts
in billions)3
Asset Allocation Fund
Alan N. Berro 25 $222.9 None None
J. David Carpenter 1 $76.0 1 $0.22 None
David A. Daigle 7 $154.2 2 $1.27 2 $0.34
Jeffrey T. Lager 2 $160.6 None None
James R. Mulally 8 $182.0 1 $0.03 None
John R. Queen* 6 $104.0 None 324 $2.54

* Information is as of August 31, 2016.

 

 

Keep this supplement with your statement of additional information.

 

Lit. No. INA8BS-021-0916P Printed in USA CGD/AFD/8024-S56986



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