Love is Present ≠ Fear

There is no fear in love; but perfect love casts out fear, because fear involves torment. But he who fears has not been made perfect in love. 1 John 4:18

There is: in the midst of, exist
No: objectively negates a statement, "ruling it out as fact"
Fear: panic flight, the causing of fear, terror
In: in the realm (sphere) of, as in the condition (state) in which something operates from the inside (within)
Love: what God prefers
But: on the contrary
Perfect: brought to its end, finished; lacking nothing necessary to completeness
Casts: violent or intense, to throw — either with force, or without force yet with a purpose
Out: forth out, out of
Because: it is added to a speaker's words to show what ground he gives for his opinion
Involves: to have in itself or as a consequence
Torment: brings with it or has connected with it the thought of punishment
But: moreover
Been made perfect:  to complete (perfect), i. e. add what is yet lacking in order to render a thing full

Fear and love cannot abide in the same place at the same time. They are opposites. If love is present, then fear is non-exsistant. 

The Fruit of the Spirit is Love. 

For God has not given us a spirit of fear, but of power and of love and of a sound mind. 2 Timothy 1:7

What God prefers — perfect love — a love that is full and complete, rids one of fear.