Liquid latex and Tissue Paper. apply latex to a patch of skin the size of a quarter of a single layer of cheap facial tissue. Have someone stretch the face out as you apply the tissue to the area. Hold... HOLD.... once the latex sets up, letting go of the face will let the kleenex/latex layer scrunch up a little bit.
With practice, you should be able to get the pieces to droop and scrunch the way you want it to... fixative, then makeup to blend. Stipple sponge some light red spots onto it to make it look less even. Lightly color in the natural creases by flicking watered down darker makeup in the wrinkled area, then apply the main color over the top while the actor scrunches their face to make the lines harder to get to with the lighter colored makeup...
Or dark wash, scrunch face and wipe of the dark from the non-wrinkle areas.