Hi Sheryl,
I feel that it is very possible that life on other planets exists either now, or has at some point during the existence of the Universe. Like you said, other stars much like the Sun exist, and if they have planets with conditions suitable for supporting life (life doesn't have to mean humans- it also includes something as simple as bacteria), then there is a chance that life has existed at some point in those planet's lifetime. Add to this the fact that there are billions and billions of stars in the Universe, and it seems like other life is a good possibility!
Cheers,
Holly