Let's say that meteorite is about the size of a baseball. 120mph is faster than a fastball baseball pitch, and getting hit by a fastball? That can do damage, which is why baseball players wear protective gear (the catcher's padding is not for show). An iron nickel meteorite is maybe five-six times denser than water; a baseball? Well baseballs float - they're about 2/3 as dense as water. So the meteorite is maybe 3-4 times as dense as a baseball, going 20% faster than the fastest fastball ever recorded; so it's carrying more than 4 times the kinetic energy of a fastball. If that hit you, it could certainly be immediately fatal, or at least cause severe injuries; I would imagine that becoming severely injured while skydiving comes with a significantly increased risk of death.

But maybe he's just being a drama queen.