Bayou wrote:
No one should rely on LastPass, or any other commercial password manager that could go away and take your passwords with it. I use LP, but it's secondary to my reliable PasswordSafe, which is open source, locally installed, with a locally created database that can be put anywhere in the cloud, and not relying on a single commercial database.
LastPass has an Export feature which puts out a readable file of all info kept by LastPass. Creating this file periodically is sufficient backup.