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I have had my cockatiel for over 17 years now. I got him when he was 8 weeks old and had no idea how long they live. A cockatiel can live upwards of 25 years. A good rule of thumb, the larger the bird, the longer they live. A parrot can live for 50-60 years.
Mine has been a good pet over the years, and has gotten along with the many other animals in my house, including my cats and dogs. Mine was hand fed as a baby and pretty much doesn't really know he is a bird.
He is friendly and usually picks one person he connects with the best - has been a few people over the year and usually not me. Even though I have never been his favorite, he has always been great to me.
I would recommend keeping your bird in an area where they can see you or your family. they don't like being alone and normally that is when mine is the loudest. I would also use a cover on the cage at night as it makes them feel more secure and safe.
Mine talks quite a bit - he knows about 25 words. Quick tip: don't teach them to whistle if you want them to learn to talk. Once they whistle, they almost never speak.
Good pet, but remember that you may have them for a really long time.