You did read that right.
Universe is 13.7 BYA - Earth only (!) 4.5ish.
We're in the stelifarous period now, but that will last way longer than our sun; and has been around for quite a while.
That might mean that life existed and perished long before our Earth was even created from the dust clouds of long-dead stars; and may reappear long after our sun has died.
I'm sure this has been proposed before, but the possibilities are fascinating; anyone got any thoughts on it?