English to French Law/Patents Finance (general) contrat de cession

For value received the undersigned Assignors hereby assign, transfer, and set over to XXX Bank and to the executors, administrators, successors, and assigns of Assignee, Policy N° ……… of …………………… (Insurer) upon the life …………… and all claims, options, privileges, rights, title, and interest therein, subject to all the terms and conditions of the policy and to any *outstanding liens*.

privilège?

merci