The chances of their being no life other than are own is both absurdly low and absurdly sad.
However, with vast distances between stars and galaxies, it would still take at hundreds of thousands of years, to even billions of years for any kind of known physics communication to reach us. The sad truth is that, as a lifeform, we're probably never going to reach past our own solar system because after that, it's hundreds of years to the nearest star. It's definitely not going to be helped with our current technology and even if we had said technology, we're still going to have to follow the basic principals of physics.
However, what's worse that, because of expanding space/time, distances between objects like stars and galaxies are getting further and further from us. An expansion that is shockingly, increasing and if it keeps up and doesn't slow down, objects like stars and galaxies will keep going further away from us.
If it keeps up, our descendants, if we have any, will look up at the night sky and see nothing but blackness or some stars from our own galaxy. Other stars or galaxies will have expanded so fast and far, they will be completely undetectable by telescopes. Whatever life might be out there, will never be able to reach us by contemporary physics.
That's the sad truth of it all. Even if there is other life, unless we find a way around the physics/light barrier, we will never be able to communicate with them. So I guess the question becomes nothing more than a Cat Box Theory. Could there be life? Absolutely nothing says there can't be but until we find it, nothing at all says there isn't.