Why won’t iPhone running iOS 7.0.2 recognize my Outlook.com password when trying to add to my email accounts?

I'm trying to add my Outlook.com email account to my iPhone through the mail settings add account. It keeps telling me my password is incorrect but I'm using the correct password. Outlook.com is available as an email account option, but entering the same account info I use to login via browsers isn't working. I am running iOS 7.0.2. Thanks to all for any help!