Answer to question Version 1: No one knows. We can answer this question using general relativity to give a classical description but I think there is now serious doubt that GTR describes the inside of a black hole (i.e. within the event horizon) accurately and that we shall need a full quantum theory of gravity to know what happens there.
But the classical description is as follows.
You cannot fall into a black hole without dying: you will hit the singularity: one of the crucial characteristics of the event horizon is that the future of any world line beginning at any point inside the event horizon is a collision with the singularity. But the black hole might be big enough that you have a normal lifespan to live before you get there. Let's look at this further.
See my answer here, where I talk about world lines within a black hole using the really neat Kruskal–Szekeres co-ordinates. Notwithstanding their fearsome name and appearance, their crucial, neat, intuitive property is this: light cones on a KS chart look exactly like they do in flat Minkowsky spacetime.
So, looking at the KS diagram in my other answer, the time you have, depending on your initial speed and other factors, is of the order of a few $G\,M$, where $M$ is the black hole's Schwarzschild mass parameter: equal to half the Schwarzschild radius, thus equal to $G\,M/c^2$, or $G\,M/c^3$ expressed as a time. So, say we want this time to be of the order of $10^9$ seconds: a significant fraction of a human lifetime. This implies a black hole colossal mass of $10^9\,c^3/G$. If I have gotten my conversion from natural to SI units right, this comes out to be $3.9\times 10^{44}{\rm kg}$ or roughly $10^{14}$ solar masses. The Schwarzschild radius will thus be of the order of a human lifetime times a lightyear. By way of comparison, the black hole at our galaxy's center is a paltry four million solar masses. My estimate is, however, significantly below the estimate of the Universe's total energy, so it is in theory possible.