To dream that you are afraid of the albino figure, suggests that you are needlessly concerned about the well-being of a loved one. It may also mean you are in denial about something. [1]
To dream that you are afraid of the albino figure represents an unsubstantiated worry you harbor towards the welfare of someone who is of great importance to you. It may also signify your refusal to accept the truth. [2]
A rarity or exception somewhere in your life.
A perceived lack of personality, vigor, or some other characteristic (represented by the physical attribute of paleness).
See also: Bleach, White, Person You Know, Person Unknown [3]