The visible Universe is not 13.7 billion light years across. This is because the Universe expanded in the course of it's evolution, we would be able to look that far, if the Universe did not expand (then it is just the light travel time from horizon to here, which is easy to calculate). The _radius_ (comoving distance to the horizon, now) of the observable Universe rather is 46 billion light years.
There is no known upper bound to the size of the Universe, as it may be flat and open, which means there is no boundary to the Universe.
It is very probable that there is life out there. We by now have found several planetary systems in the inhabitable zone, and that is only for the sun's nearest neighbours, so there must be a lot of them in the Universe as a whole. Also, wouldn't it be way too much of a coincidence to form exactly one such system? We have no yet found it though, and I am not saying we will. I am saying we won't get on contact, the distances are just too big...
There are several versions of Multiverse theories and they do not all have to do with the matter-energy density we live in.
Can I ask a question too: how in the world did such incredibly different questions end up in one post?