Wrestlers that were alive, above 45 years old at time of induction after 1996..
2012 Mick McManus (age 92; died in May 2013)
2009 Konnan (age 46)
2009 The Midnight Express (Bobby Eaton, Stan Lane and Dennis Condrey) (average age about 55)
2009 Masa Saito (age 68)
2006 Hiroshi Hase (age 46)
2005 The Fabulous Freebirds (Michael Hayes, Terry Gordy, and Buddy Roberts) (average age about 51, Gordy had died and Roberts died this year)
2004 Bob Backlund (age 55)
2001 Black Shadow (age 81; died in March 2007)
2001 Lizmark (age 52)
1998 Dos Caras (age 48)
1997 Édouard Carpentier (age 71; died in October 2010)
Alfonso Morales (age 64) and Jim Ross (age 48) were inducted as well while they were alive but over the age of 45.
Living and inducted under the age 45 from 1997 onwards: John Cena, Chris Jericho, Rey Mysterio, Jr., The Rock, Aja Kong, Masakatsu Funaki, Paul Heyman, Triple H, Kurt Angle, Masahiro Chono, Kazushi Sakuraba, Último Dragón, The Undertaker, Chris Benoit, Shawn Michaels, Manami Toyota, Kenta Kobashi, Bull Nakano, El Satánico, Akira Hokuto, Steve Austin, Mick Foley, Shinya Hashimoto, Lioness Asuka, Jushin Liger, Keiji Mutoh, Chigusa Nagayo, El Hijo del Santo, Toshiaki Kawada
Posthumous inductees (after the initial 1996 class): Henri Deglane, Hans Schmidt, Gus Sonnenberg, Lou Albano, Kent Walton, Steve Williams, Curtis Iaukea, Wladek Zbyszko, Roy Shire, Everett Marshall, Bill Miller, Martín Karadagian, Tom Packs, Evan Lewis, Paul Bowser, Eddie Guerrero, Tarzán Lόpez, Earl Caddock, Jack Curley, Wahoo McDaniel, Martin Burns, Diablo Velasco, Bill Longson, Frank Sexton, Sandor Szabo, Jimmy Lennon, William Muldoon (Dr. Death would have been 52 and Eddie would have been only 39 years old at time of induction.)
I couldn't find the birthdate of Francisco Flores (UWA promoter).