Currently, parachutes cause an almost instant deceleration, and immediately fall at an agonizingly slow rate.
In reality, parachutes take longer to open and sufficiently decelerate the parachutist. A player can free fall from as high as they please, and open their chute at 100 meters, slowing down almost instantaneously.
Instead, the parachute should open more slowly and take longer to slow the person down, requiring the player to open the chute at a higher altitude.