Yes there are life expectancies for trees, which vary from site to site.
Around my parts an oak would have pretty bad chances of a good long life, eucs on the other hand would have good prospects.
Just the other day an new guy fresh out from UK saw a Ficus Elastica and recognised it as they had the odd one back in UK. Asked how old that one would be, "around 50 years," I said ... "jeez 50 years old," he exclaimed, back in UK for one to get that big it would be around 150 years old.
So, I'm no expert on Oaks, but yes, trees have a lifetime.
Have you heard of Memorial Trees?
Quite a fitting tribute, they plant trees for lost soldiers etc and it's quite a fitting memorial as eventually the trees mature then decline, are removed etc ... just like our life cycle. And by the time the tree is dead and gone nobody remembers the individual it was planted for anyways.