Because of the essential oils and honey, it's also very good for extra dry skin that can occur around the corners of the mouth (for example if you have slight eczema or dermatitis), as it moisturizes as well as calms the skin and rough patches. This is also ideal to use post-lip exfoliation, which I usually do about 3 times a week in the colder, winter months.
I also love this balm for travel, as it's heavy-duty enough to provide moisture even on dry airplanes.
While this balm is also on the higher-end price wise, it's a large pot which is filled to the top and very concentrated, making it worth every $$$.
Note: This collector Lip Balm has the exact same formula than the original Lip Balm.