Splitting hairs even further, why take the chance on a single phone line for your alarm system? "Seems like a no brainer" to include cellular or wireless backup for every installation but how often is it done? Mr. Bass was correct in his response. In reviewing the OP's diagram (however crude it was), you don't need a filter for the alarm panel to communicate with the monitoring facility.
Don't get me wrong, I'm not taking sides here. I agree with "Petem" that there is a risk (however small) of a problem developing in the DSL line and that the correct way to wire any single line communicator would be to use the Excelsus Filter to eliminate even that small chance.
Before this particular filter was on the market, the only way to ensure uniterrupted DSL and alarm communication was to wire the PROT exactly as the OP describes. I'm certain there are still many installations out there that retain this type of wired connection. What are you (the industry) doing to address these?
Regards,
Frank