1John 4:18 — There is no fear in love; but perfect love casteth out fear: because fear hath torment. He that feareth is not made perfect in love.

So how about it? Do you have a fear-free life? Actually, I think it’s not a fair question. Alexander MacLaren provides the context for this verse:

John has been speaking of boldness, and that naturally suggests its opposite—fear. He has been saying that perfect love produces courage in the day of judgment, because it produces likeness to Christ, who is the Judge. In (this) text he explains and enlarges that statement. For there is another way in which love produces boldness, and that is by its casting out fear.

There is a fear of God that is proper, and respectful. But there is another fear, rooted in guilt. It is the fear(oh, I remember it) of the naughty schoolboy, expecting well-deserved punishment.
J. B. Philipps provides a translation of this verse that adds an extra nuance which more accurately conveys the sense of “torment”:

Love contains no fear – indeed fully- developed love expels every particle of fear, for fear always contains some of the torture of feeling guilty. The man who lives in fear has not yet had his love perfected.

The word translated as “torture” in the King James Version carries the sense of “suffering for a purpose” — in this case for the purpose of driving the sufferer to seek help. Our fear of God, and the eternal consequences of displeasing Him, should drive us seek His forgiveness through the agency of His Son.
Now you might say that this is surely a harsh way for God to ensure our love. But we do well to remember what the writer of the letter to the Hebrews said:

And ye have forgotten the exhortation which speaketh unto you as unto children, My son, despise not thou the chastening of the Lord, nor faint when thou art rebuked of him: for whom the Lord loveth he chasteneth, and scourgeth every son whom he receiveth. If ye endure chastening, God dealeth with you as with sons; for what son is he whom the father chasteneth not? (Hebrews 12:5-7)

God is a true father, and wants nothing but the best for us. He uses the tools of a wise father to educate us — and that includes necessary punishment from time-to-time. After all, He wrote the book on parenting: “He that spareth his rod hateth his son: but he that loveth him chasteneth him betimes.” (Proverbs 13:24)
There will come a day when we have perfectly learnt our lessons. On that day we will be full of love for our Father — and living in a fearless world!