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Most would say that the biggest benefit of having a home security alarm is the peace-of-mind that comes with it. When something goes wrong (whether you are home or thousands of miles away on vacation), knowing that a system is already in place and that your house has a direct link to the proper authorities is very reassuring.
There may be immediate monetary benefits, as well. Having a security alarm that is connected to a monitoring service can offset the cost by sometimes lowering homeowner's insurance payments up to 20%. Many monitoring services will also offer a plan to monitor your home for fire, which some insurance companies will also take into account when deducing your premium. In every case, it will decrease the likelihood of losing money due to burglary.