If you wish your player to survive instead of going splat when He/She hits the ground, All you need to do is pause the game when the player is about 20ft from the ground then press X (to continue) then immediately press start to pause the game again, keep quickly pausing and un-pausing the game until the player has landed and has almost stood up again. If done correctly not only will the player survive but He/She will not be injured from the fall.