Let $\rho_1$ and $\rho_2$ be mixed density matrices. Then $\rho=\rho_1\otimes\rho_2$ is mixed and separable.
In response to the comment: Let us study the case $$\rho_1=\rho_2 = \frac{1}{2} \,\mathbb I_2 \quad ,$$ where $\mathbb I_2$ is the identity matrix on $H\cong \mathbb C^2$, i.e. these matrices are the maximally mixed density matrices of a qubit system.
Then these are the reduced density matrices of both the maximally entangled two-qubit Bell state
$$\sigma = |\psi^-\rangle \langle \psi^-| $$
and the separable mixed state
$$\rho=\rho_1 \otimes \rho_2 \quad . $$
Additionally, consider a Werner state of the form $$\omega = \alpha \,\sigma + (1-\alpha)\, \rho \quad, $$
with some restriction on $\alpha$ such that it is an entangled mixed density matrix. We again find that $\rho_1$ and $\rho_2$ are its reduced density matrices.
In conclusion, we see that the two (mixed) reduced density matrices $\rho_1$ and $\rho_2$ could arise from a pure entangled, mixed separable or mixed entangled state. However, they cannot arise from a pure separable (product) state, since every pure state with those reduced density matrices necessarily has a Schmidt rank greater than one and is thus entangled.