How to programmatically trigger fancybox with an inline div?

I want to make a fancybox appear when someone tries to submit a form. So I've got this:

$('#login-form').submit(function(e) {
    $.fancybox({
        content: '<h2>Hello Fancybox</h2>',
        modal: true
    });
    return false;
});

Works good, but I'd rather use my div than trying to specify all the HTML in the content string. Can I make it popup with this

<div style="display:none" id="access-policy">
blah blah blah
</div>

Instead?